This Dividend Stock Has Increased Its Payout for 47 Years Straight

Dividend stocks can be an excellent source of income for retirees, and Dividend Aristocrats in particular can be great investments. A Dividend Aristocrat is a company in the S&P 500 that has increased its dividend for at least 25 consecutive years.

However, some companies slip through the cracks simply because they are not included in the S&P 500 index. Once such company with an impressive history of increasing its dividend is United Bankshares (NASDAQ: UBSI), which has increased its dividend for 47 years straight and delivers investors a solid 4.3% yield. While it may not be a Dividend Aristocrat, that shouldn't discourage income investors from investing in this solid bank stock.

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Source Fool.com